GRAIL INC GRAL
COM · Common Stock · CUSIP 384747101 · ISIN US3847471014
American biotechnology and pharmaceutical company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.2m this quarter). Holder counts are more reliable. Shares outstanding: 36.0m as of 2025-08-11, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $51.30. Options: 18 managers hold calls ($99.3m notional), 12 hold puts ($42.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 2 |
| Q2 2024 | 371 |
| Q3 2024 | 314 |
| Q4 2024 | 334 |
| Q1 2025 | 317 |
| Q2 2025 | 346 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 365 | 1 |
| Q3 2024 | 136 | 256 |
| Q4 2024 | 124 | 133 |
| Q1 2025 | 124 | 148 |
| Q2 2025 | 166 | 116 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.3m | $3.2m | 0.98 |
| Q4 2024 | $9.3m | $4.5m | 0.48 |
| Q1 2025 | $21.0m | $11.0m | 0.52 |
| Q2 2025 | $99.3m | $42.3m | 0.43 |
Biggest buyers
| BlackRock, Inc. | Added | +1.1m |
| VANGUARD GROUP INC | Added | +402.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +285.3k |
| MORGAN STANLEY | Added | +258.6k |
| NORTHERN TRUST CORP | Added | +185.9k |
| Carnegie Investment Counsel | New | +165.7k |
| Invesco Ltd. | Added | +157.8k |
| RENAISSANCE TECHNOLOGIES LLC | New | +153.5k |
| Allianz Asset Management GmbH | New | +119.9k |
| Pier Capital, LLC | New | +107.7k |
Biggest sellers
| Sessa Capital IM, L.P. | Reduced | -1.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -330.2k |
| CITADEL ADVISORS LLC | Sold out | -152.9k |
| D. E. Shaw & Co., Inc. | Reduced | -132.4k |
| State of Wyoming | Reduced | -78.1k |
| Aberdeen Group plc | Reduced | -74.6k |
| TWO SIGMA ADVISERS, LP | Reduced | -69.9k |
| Man Group plc | Reduced | -59.6k |
| One Fin Capital Management LP | Reduced | -50.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -44.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $42.8m832.7k shares |
| JANE STREET GROUP, LLC | Added | $11.0m213.7k shares |
| CITADEL ADVISORS LLC | Added | $10.2m199.1k shares |
| IMC-Chicago, LLC | Added | $5.9m113.8k shares |
| GROUP ONE TRADING LLC | Reduced | $5.8m112.6k shares |
| D. E. Shaw & Co., Inc. | Added | $3.9m75.7k shares |
| SIMPLEX TRADING, LLC | Added | $3.4m65.5k shares |
| Caption Management, LLC | New | $2.8m53.6k shares |
| NOMURA HOLDINGS INC | New | $2.6m49.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $2.3m45.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.6m362.2k shares |
| CITADEL ADVISORS LLC | Added | $6.9m133.4k shares |
| NOMURA HOLDINGS INC | New | $5.1m100.0k shares |
| GROUP ONE TRADING LLC | Reduced | $3.4m66.2k shares |
| Walleye Capital LLC | Added | $2.1m40.5k shares |
| JANE STREET GROUP, LLC | Added | $1.7m33.5k shares |
| Walleye Trading LLC | Added | $1.2m23.3k shares |
| IMC-Chicago, LLC | Added | $1.2m22.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $986.6k19.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $802.0k15.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BAKER BROS. ADVISORS LP 13G · institution +4.5 pts · filed 2026-05-15 | 9.8% |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 13G · institution filed 2026-08-13 | 9.6% |
| BlackRock, Inc. 13G · institution +1.4 pts · filed 2026-07-28 | 7.9% |
| Farallon Capital Partners, L.P. 13G · passive investor +1.9 pts · filed 2026-05-11 | 7.8% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.6% |
| PRIMECAP MANAGEMENT CO/CA/ 13G · institution +0.4 pts · filed 2026-08-06 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), ILLUMINA, INC. (3.2%, 2026-02-17)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 2 | $1.5m | — |
| Q4 2024 | 0 | — | 2 | $2.2m | — |
| Q1 2025 | 0 | — | 3 | $445.1k | — |
| Q2 2025 | 0 | — | 3 | $7.1m | $914.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-30 | Ofman Joshua J. President | Sold plan | $504.0k9.7k shares |
| 2025-06-12 | Ofman Joshua J. President | Sold plan | $410.0k9.7k shares |
| 2025-05-02 | RAGUSA ROBERT P Chief Executive Officer, director | Sold | $3.2m94.0k shares |
| 2025-05-02 | Ofman Joshua J. President | Sold | $1.6m48.2k shares |
| 2025-05-02 | Freidin Aaron Chief Financial Officer | Sold | $1.4m41.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| CRCM LP 55.68% of their portfolio | 3.6m $187.4m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 2.4m $125.9m | Added +1.1m |
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 2.1m $105.6m | Added +2.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.9m $97.8m | Added +402.6k |
| BAKER BROS. ADVISORS LP 0.81% of their portfolio | 1.6m $83.8m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.3m $66.0m | Reduced -6.5k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $64.1m | Reduced -20.3k |
| Arbiter Partners Capital Management LLC 47.35% of their portfolio | 1.0m $53.4m | Added +12.9k |
| Sessa Capital IM, L.P. 1.23% of their portfolio | 786.1k $40.4m | Reduced -1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 757.8k $39.0m | Added +285.3k |
| One Fin Capital Management LP 12.17% of their portfolio | 700.0k $36.0m | Reduced -50.0k |
| MORGAN STANLEY 0.00% of their portfolio | 638.2k $32.8m | Added +258.6k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.12% of their portfolio | 502.0k $25.8m | Not comparable |
| Bank of New York Mellon Corp 0.00% of their portfolio | 351.0k $18.0m | Added +25.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 342.0k $17.6m | Added +185.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 283.0k $14.6m | Added +34.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 253.6k $13.0m | Reduced -12.5k |
| TCW GROUP INC 0.10% of their portfolio | 250.8k $12.9m | Reduced -6.8k |
| UBS Group AG 0.00% of their portfolio | 233.7k $12.0m | Added +92.6k |
| Invesco Ltd. 0.00% of their portfolio | 218.7k $11.2m | Added +157.8k |
| Aberdeen Group plc 0.02% of their portfolio | 210.1k $10.8m | Reduced -74.6k |
| Newtyn Management, LLC 1.56% of their portfolio | 200.0k $10.3m | Reduced -32.3k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 188.1k $9.7m | Added +101.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 187.5k $9.6m | Added +8.7k |
| Douglas Lane & Associates, LLC 0.13% of their portfolio | 168.6k $8.7m | Reduced -1.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 167.4k $8.6m | Added +46.3k |
| Carnegie Investment Counsel 0.17% of their portfolio | 165.7k $8.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 153.5k $7.9m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 151.8k $7.8m | Added +41.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 143.4k $7.4m | Added +55.3k |
| Slow Capital, Inc. 0.90% of their portfolio | 142.8k $7.3m | Added +6.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 135.9k $7.0m | Reduced -132.4k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 119.9k $6.2m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 117.5k $6.0m | Added +34.0k |
| 180 WEALTH ADVISORS, LLC 0.81% of their portfolio | 113.5k $5.8m | Added +11.7k |
| BARCLAYS PLC 0.00% of their portfolio | 108.3k $5.6m | Added +81.3k |
| Reynders McVeigh Capital Management, LLC 0.28% of their portfolio | 108.3k $5.6m | Added +4.9k |
| Pier Capital, LLC 0.84% of their portfolio | 107.7k $5.5m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 106.8k $5.5m | Reduced -44.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 98.7k $5.1m | Added +6.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 92.6k $4.8m | Added +68.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 79.5k $4.1m | Added +42.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 72.5k $3.7m | Added +46.6k |
| Nuveen, LLC 0.00% of their portfolio | 67.6k $3.5m | Added +7.3k |
| CITIGROUP INC 0.00% of their portfolio | 64.7k $3.3m | Reduced -37.9k |
| CAXTON ASSOCIATES LLP 0.09% of their portfolio | 64.6k $3.3m | New |
| Legal & General Group Plc 0.00% of their portfolio | 61.1k $3.1m | Added +6.8k |
| Swiss National Bank 0.00% of their portfolio | 60.7k $3.1m | Added +2.1k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 60.2k $3.1m | Added +3.0k |
| Informed Momentum Co LLC 0.45% of their portfolio | 57.4k $3.0m | Reduced -16.2k |
| IEQ CAPITAL, LLC 0.02% of their portfolio | 56.9k $2.9m | Added +28.6k |
| Dakota Wealth Management 0.06% of their portfolio | 51.6k $2.7m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 49.4k $2.5m | Added +24.1k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 47.9k $2.5m | Added +13 |
| WESBANCO BANK INC 0.07% of their portfolio | 44.5k $2.3m | Added +12.5k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 44.0k $2.3m | Reduced -69.9k |
| CAPITAL FUND MANAGEMENT S.A. 0.02% of their portfolio | 43.6k $2.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 42.8k $2.2m | Reduced -330.2k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 41.0k $2.1m | Reduced -19.9k |
| Moloney Securities Asset Management, LLC 0.26% of their portfolio | 40.2k $2.1m | Added +1.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 36.7k $1.9m | Added +24.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 36.2k $1.9m | Added +18.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 35.3k $1.8m | Added +17.4k |
| GABELLI FUNDS LLC 0.01% of their portfolio | 34.7k $1.8m | Added +3.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 34.5k $1.8m | Added +3.0k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 34.2k $1.6m | Added +6.0k |
| Jackson Hole Capital Partners, LLC 0.31% of their portfolio | 33.0k $1.7m | Unchanged |
| CWM, LLC 0.01% of their portfolio | 31.2k $1.6m | Added +8.5k |
| GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio | 29.7k $1.5m | Added +1.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 29.6k $1.5m | Reduced -11.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 29.4k $1.5m | Added +4.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.3k $1.5m | Added +24.4k |
| FMR LLC 0.00% of their portfolio | 27.5k $1.4m | Added +407 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 27.4k $1.4m | Added +2.0k |
| Cerity Partners LLC 0.00% of their portfolio | 26.6k $1.4m | Added +11.1k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 26.5k $1.4m | Added +38 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 26.1k $1.3m | Added +14.4k |
| LPL Financial LLC 0.00% of their portfolio | 24.4k $1.3m | Added +10.8k |
| POLEN CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 21.9k $1.1m | New |
| BANTAMAC CAPITAL, LLC 0.40% of their portfolio | 21.9k $1.1m | Reduced -236 |
| NORGES BANK 0.00% of their portfolio | 21.6k $1.1m | Unchanged |
| WIM INVESTMENT MANAGEMENT Ltd 0.36% of their portfolio | 21.0k $1.1m | Unchanged |
| NWF Advisory Services Inc. 0.13% of their portfolio | 20.7k $1.1m | New |
| AMERIFLEX GROUP, INC. 0.54% of their portfolio | 20.7k $1.0m | Added +3.4k |
| NWAM LLC 0.04% of their portfolio | 20.6k $705.2k | Added +9.9k |
| Moors & Cabot, Inc. 0.05% of their portfolio | 20.0k $1.0m | Added +4.1k |
| COMMERCE BANK 0.01% of their portfolio | 19.1k $984.3k | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 19.0k $978.1k | Reduced -194 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 18.7k $956.5k | Added +15.9k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 18.4k $944.9k | Added +17.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 18.2k $938.4k | Added +225 |
| Perigon Wealth Management, LLC 0.02% of their portfolio | 17.7k $911.9k | Added +2.6k |
| Alpha Wealth Funds, LLC 0.79% of their portfolio | 17.5k $846.1k | Reduced -22.5k |
| WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio | 17.5k $898.6k | Reduced -15.1k |
| B & T Capital Management DBA Alpha Capital Management 0.15% of their portfolio | 17.4k $897.1k | Reduced -1.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 17.1k $881.2k | Reduced -25.0k |
| Man Group plc 0.00% of their portfolio | 16.8k $861.7k | Reduced -59.6k |
| CLOUGH CAPITAL PARTNERS L P 0.09% of their portfolio | 16.6k $851.0k | New |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 16.5k $848.3k | Added +3.7k |
| Mariner, LLC 0.00% of their portfolio | 16.3k $838.5k | New |